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Quebec City job market remains calm in August

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Highlights

  • According to Statistics Canada, the Quebec City census metropolitan area (CMA) posted a total of 430,200 jobs at the end of August, down 500 from July.

  • Thanks to the dip in the employment figures (-0.1%), which matched the drop in the overall workforce, unemployment held steady at 5.7% for the second month in a row.

  • In the province of Quebec, the labour market added 4,100 jobs from July to August as unemployment fell below the 8% mark to 7.7% (8.1% in July).

Commentary

The labour market in Quebec City in August was a virtual copy of that in July. The metropolitan region recorded a total of 430,200 jobs, down slightly from the previous month (-500). From July to August, the region notched a gain of 5,100 jobs, putting an end to three consecutive months of losses in the spring. August stands as a period of transition during which these new positions were absorbed.

As was the case in July, hiring prospects remained favourable in the services and manufacturing sectors. However, the residential market slowdown appears to have hampered job creation in the construction industry. Meanwhile, Quebec City's economy continues to offer bright prospects to job seekers aged 15 to 24 and 25 to 54, in terms of full-time as well as part-time positions. Although the region was somewhat calmer than other Canadian metropolitan areas in August than it had been in July, it still boasted one of the lowest unemployment rates in the country (5.7%).

Although August was calm in terms of results, the demand for labour remained high in the Quebec City region. Local employers took part in a virtual recruitment mission with potential candidates from Latin America. In addition, a number of others are gearing up for two recruitment missions that will be held in France this fall. 

Louis Gagnon
Senior Economist
Québec International

 
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LouisGagnonSenior Economist

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